There are around 19.69 million dormant bank accounts in Nigeria, according to the customer account database maintained by the Nigeria Inter-Bank Settlement System.

The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement System.

PalmPay, a fintech with over 1.2 million agents and merchants, announced its adoption of blockchain technology ...

While still a work in progress, blockchain technology in the 2020s offers advantages over conventional financial systems as ...

A new study from Juniper Research has found that the value of QR code payments will grow by 50% globally from $5.4 trillion in 2025 to over $8 trillion in 2029. The projection comes at a time when the ...

Three sources claim that in an effort to avoid potential EU antitrust penalties, Microsoft has promised to increase the price ...

Fintech companies like Opay and PalmPay were the biggest winners of 2024, gaining customers by offering more reliable transfers at a ...

Nigeria's drive toward a cashless economy has been strengthened with the improvement of the Nigeria Quick Response (NQR) payment system ...

The Nigeria Inter-Bank Settlement System (NIBSS) has unveiled significant upgrades to its Nigeria Quick Response (NQR) payment system, designed to ...

The Nigeria Inter-Bank Settlement System (NIBSS) has unveiled significant upgrades to its Nigeria Quick Response (NQR) payment system. The mechanism is designed to reduce cash dependency and ...